IIPR— INNOVATIVE INDUSTRIAL PROPERTIES INC

Real Estate$1.5B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Rental (including tenant reimbursements)	$265.5M-13.5%	$306.9M-0.1%	$307.3M+12.0%	$274.4M
Other	$469K-70.3%	$1.6M-26.7%	$2.2M+8.8%	$2.0M
Total revenues	$266.0M-13.8%	$308.5M-0.3%	$309.5M+12.0%	$276.4M
Property expenses	$30.2M+6.0%	$28.5M+14.4%	$24.9M+136.6%	$10.5M
General and administrative expense	$33.7M-9.9%	$37.4M-12.6%	$42.8M+11.2%	$38.5M
Depreciation and amortization expense	$74.1M+4.6%	$70.8M+5.4%	$67.2M+9.6%	$61.3M
Impairment loss on real estate	$3.5M	$0	$0	—
Total expenses	$141.5M+3.5%	$136.7M+1.3%	$134.9M+22.3%	$110.3M
Gain (loss) on sale of real estate	-$326K+90.5%	-$3.4M	$0	—
Income from operations	$124.1M-26.3%	$168.3M-3.6%	$174.6M+2.9%	$169.6M
Interest and other income	$14.3M+30.3%	$11.0M+30.1%	$8.4M	—
Interest expense	-$20.2M-14.3%	-$17.7M-1.2%	-$17.5M+4.6%	-$18.3M
Gain (loss) on exchange of Exchangeable Senior Notes	$0	$0-100.0%	$22K	—
Net income	$118.2M-26.9%	$161.7M-2.4%	$165.6M+7.3%	$154.4M
Preferred stock dividends	-$3.8M-111.3%	-$1.8M-33.4%	-$1.4M+0.0%	-$1.4M
Net income attributable to common stockholders	$114.4M-28.4%	$159.9M-2.7%	$164.2M+7.3%	$153.0M
Basic (in dollars per share)	$3980.00-28.7%	$5580.00-4.1%	$5820.00+4.5%	$5570.00
Diluted (in dollars per share)	$3930.00-28.8%	$5520.00-4.3%	$5770.00+4.5%	$5520.00
Basic (in shares)	28.01B-0.8%	28.23B+0.9%	27.98B+2.3%	27.35B
Diluted (in shares)	28.38B-0.5%	28.53B+1.0%	28.26B+2.1%	27.66B

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.